The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 25, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Invesco Real Estate and Baranof Holdings Spend $12.3 Mil on AZ Self-Storage Facility

11/12/21

Central Self-Storage, a 573-unit self-storage facility in Chandler, AZ, was purchased for $12.3 mil by Invesco Real Estate, in partnership with Baranof Holdings. The asset was sold by Pegasus Group.

Central Self-Storage comprises six single-story buildings and one covered parking structure that houses 106 climate-controlled and 457 non-climate-controlled units along with 10 parking stalls. Constructed in 1996, the property features secure fencing, electronic access control and 24-hour surveillance, in addition to two offices.

Located at 641 East Warner Rd, Central Self-Storage has more than 450 feet of frontage along the south side of East Warner Rd, which is a heavily travelled east-wear thoroughfare with a traffic volume of over 30,000 vehicles per day. The property is in Chandler, which is a thriving Phoenix suburb, and within the 101 Corridor, which is a growing area for technology. More than 32 percent of households within a three-mile radius are renter-occupied.

Steve Mellon, Brian Somoza and Carl Beardsley with JLL Capital Markets represented the seller in the deal. Somoza noted that Central Self-Storage is positioned for revenue growth through rate increases to in-place tenants and continued market-rate optimization.





Return to the Archive page
 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media